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Question: the uq union is considering two expenditure options it can...

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The UQ Union is considering two expenditure options. It can either buy 20,000 ice-creams (each costing $2.50) to distribute to UQ students or it can construct a skate park costing $50,000 for students to freely use. There are approximately 50,000 students at UQ and each student values an ice-cream (and every additional ice-cream) at $2.50 and the use of the skate park at $2.50.

Which of the following statements are true:

The total summed MB for the skate park is $50,000.

The total summed MB for the skate park is $125,000 when considering all students.

The total summed MB for ice-creams is $125,000 and the MC is $50,000, so choosing this option would not make economic sense.

For each ice-cream consumed, the MB equals the MC.

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